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Parliamentary approvals of PPAs will provide critical oversight
Parliament should come up with licensing protocols that ensures transparency in selection and licensing of investors, a key requirement for PPP engagements.
A Bill will be placed in Parliament to require parliamentary reviews of Power Purchase Agreements (PPAs) for various Independent Power Producers (IPPs) prior to licensing.
Parliament had last year suspended new PPAs pending review of licensing terms. The proposed legislative action is timely considering previous absence of transparency in licensing of IPPs, a situation which may have increased power costs.
